Definition of 'Ascending Triangle'
A bullish chart pattern used in technical analysis that is easily recognizable by the distinct shape created by two trend lines. In an ascending triangle, one trend line is drawn horizontally at a level that has historically prevented the price from heading higher, while the second trend line connects a series of increasing troughs. Traders enter into long positions when the price of the asset breaks above the top resistance.
The ascending triangle is a bullish formation that usually forms during an uptrend as a continuation pattern. There are instances when ascending triangles form as reversal patterns at the end of a downtrend, but they are typically continuation patterns. Regardless of where they form, ascending triangles are bullish patterns that indicate accumulation.
Take a look other Today's Big Movers of the day Right here.You can also check previous stocks to buy reports- Right Here
A bullish chart pattern used in technical analysis that is easily recognizable by the distinct shape created by two trend lines. In an ascending triangle, one trend line is drawn horizontally at a level that has historically prevented the price from heading higher, while the second trend line connects a series of increasing troughs. Traders enter into long positions when the price of the asset breaks above the top resistance.
The ascending triangle is a bullish formation that usually forms during an uptrend as a continuation pattern. There are instances when ascending triangles form as reversal patterns at the end of a downtrend, but they are typically continuation patterns. Regardless of where they form, ascending triangles are bullish patterns that indicate accumulation.
Take a look other Today's Big Movers of the day Right here.You can also check previous stocks to buy reports- Right Here
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Below these are the Bullish Ascending Triangle Pattern stocks on May 3, 2013.
FFNW First Financial Northwest, Inc.
MHK Mohawk Industries Inc.
MCHX Marchex, Inc.
WLL Whiting Petroleum Corp.
SAPE Sapient Corp.
RYL Ryland Group Inc.
IL IntraLinks Holdings, Inc.
KBR KBR, Inc.
MAS Masco Corporation
RST Rosetta Stone, Inc.
GTN Gray Television Inc.
CASY Casey's General Stores Inc.
IRE The Governor and Company of The Bank of Ireland
ZMH Zimmer Holdings, Inc.
DGI DigitalGlobe, Inc.
PBNY Provident New York Bancorp
CTRP Ctrip.com International Ltd.
TVL LIN TV Corp.
TRMK Trustmark Corporation
OREX Orexigen Therapeutics, Inc.
GD General Dynamics Corp.
SZYM Solazyme, Inc.
EL Estee Lauder Companies Inc.
MDAS MedAssets, Inc.
PACD Pacific Drilling S.A.
FHCO The Female Health Company
PII Polaris Industries, Inc.
MTB M&T Bank Corporation
TRP TransCanada Corp.
LO Lorillard, Inc.
QSII Quality Systems Inc.
SIRO Sirona Dental Systems Inc.
NYCB New York Community Bancorp Inc.
WPRT Westport Innovations Inc.
BONT Bon-Ton Stores Inc.
AGNC American Capital Agency Corp.
